The OECD has announced that on 4 February 2016, Senegal signed the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol, as well as the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country (CbC) reports. Although Senegal has not yet adopted requirements for CbC reporting, the signing of the two agreements is a clear indication that requirements will be adopted in the near future. The Mutual Assistance Convention must now be ratified by Senegal and the ratification instrument deposited before entering into force in the country. The MCAA will apply...